Press release HongKong: now 100/100 Mbps @ US$13/month

[David Farber <dave () farber net>]

Begin forwarded message:

From: "D.H. van der Woude" <dhvanderwoude () gmail com>
Date: November 2, 2009 6:43:42 AM EST
To: dave () farber net
Subject: Press release HongKong: now 100/100 Mbps @ US$13/month

David,

The news below might be of interest to IP as it
illustrates the worldwide digital divide.

grtz
Dirk



\http://reg.hkbn.net/ctigroup_admin/files_upload/PR_MGM_E99.pdf

For Immediate Release

HKBN: “AWESOME SPEED. FOR EVERYONE”

100Mbps broadband at US$13/month

(Hong Kong, 1 November 2009) Hong Kong Broadband Network Ltd (“HKBN”),  
a wholly owned subsidiary of City Telecom (HK) Limited (HKSE: 1137,  
NASDAQ: CTEL), today announces breakthrough “AWESOME SPEED. FOR  
EVERYONE” - 100Mbps broadband service at US$13/month (HK$99/month).

Some cars earn “SuperCar” status by their sheer performance but are  
priced beyond the mass. At HKBN, we have shattered this affordability  
barrier by delivering a “SuperCar” class symmetric 100Mbps broadband  
service at a mass market price. Anyone who stays within our 1.62  
million households’ network coverage, including all our existing  
391,000 broadband users are eligible to invite a friend to join our  
bb100 service for 24 months for price of HK$99 (US$13)/month each.

At this monthly fee level, the cost per Mbps for HKBN’s 100Mbps  
broadband service is just US$0.06 (HK$0.50), which is AWESOME World  
Class leading value. Furthermore, with our unique Speed Guarantee of  
80% local bandwidth and unparalleled performance in massively  
multiplayer online role-playing games, we are delivering on one of our  
core purposes “To experience the joy of advancing and applying  
telecommunications technology for the benefit of the public”.

Mr. William Yeung, Chief Executive Officer of HKBN said, “With at  
least 32% of Internet users in Hong Kong still suffering from  
broadband services below 10Mbps1, Hong Kong is lagging behind Korea  
and Japan in terms of Fibre-To-The-Home’s Penetration2, and is only  
classed as “Comfortably enjoying today’s applications” in terms of  
Broadband Development3. Being the second largest broadband service  
provider, we have a duty to improve Hong Kong’s Global standings.  
Given our exceptional word-of-mouth, our launch of “AWESOME SPEED. FOR  
EVERYONE” is not just about competition, but also dedicated to  
applying telecommunications technology for the benefit of public,  
making Ultra High Speed Broadband Access the norm in Hong Kong.”

For video highlights of Hong Kong Press event, with full Television  
Campaign, please refer
to www.youtube.com.hk/HKBNatUtube
.




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